Crude Oil Elliott Wave Idea
Cập nhật
Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now.
The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100.
I had a similar idea back when this move from $33 started (tradingview.com/chart/OIL_CRUDE/yKqYaVj5-Crude-Oil-Elliott-Wave-Idea/) that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100.
I had a similar idea back when this move from $33 started (tradingview.com/chart/OIL_CRUDE/yKqYaVj5-Crude-Oil-Elliott-Wave-Idea/) that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
Ghi chú
Approaching the 1.618 level...amazing rise in oil price!Ghi chú
Wave 3 target hit at $77Ghi chú
Possibly ending wave 4 now.Ghi chú
Wave 4 completed and wave 5 confirmed with a new high
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.